Hint
Plan Procurement Management is the process of documenting project procurement decisions, specifying the approach, and identifying potential sellers. The key benefit of the Plan Procurement Management process is that it allows you to determine if outside support is required. If it is required, it determines how to obtain it, the required amount, and when to obtain it.
Ensuring the alignment of external and internal stakeholder expectations is a key benefit of the Conduct Procurements process, not the Plan Procurement Management process.
Ensuring that both the buyer's and seller's performance aligns with agreed upon requirements is a key benefit of the Control Procurements process, not the Plan Procurement Management process.
Recording agreements and related documentation for future use is something that occurs as part of the Control Procurements process as part of the organizational process assets updates output. Assets that are updated include payment schedules and requests, seller performance evaluation documentation, prequalified seller lists updates, lessons learned repository, and the procurement file.